Paramount Home Entertainment announced that Twentieth Century Fox’s David Elliott will replace the retiring Charlie McAuley as Senior Vice President of Physical International Sales and Distribution.
Smaller budget films such as “A Quiet Place” and “Book Club”, helped Viacom-owned Paramount Pictures to report a 388% increase in operating income to $44 million in Q3 (ended June 30).
CBS Corp. is about to make a below-market-value offer for Paramount Pictures-owner Viacom, according to an insider cited by several news outlets.
Paramount Pictures said its $1 billion three-year film financing deal with China’s Huahua Media has been cancelled.
Promising a “turnaround”, Philip Dauman, CEO of Paramount Pictures owner Viacom, said the studio would return to making 15 films a year in 2016 after reporting a slump in revenue.